After having trained for three days in the services that Pro Mujer offers, the 13 members of the Juan XXI group decided to apply for a loan. They all have diverse businesses such as selling food, blanket weaving, skirt embroidery, neighborhood store services, selling organ meats, selling purses, selling cheese, making bedspreads and selling potatoes. They all need the loan to purchase merchandise or raw materials.

Led by their board of directors, they are creating their internal regulation with which they will work this cycle. They meet at the Los Andes regional office.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.